(b) \_Tax Loss\_. For the purposes of this indemnity, any of the following
events shall constitute a “ \*\*Tax Loss\*\* ”: (i) if as the result of any act or
failure to act of Lessee or any Lessee Party or the breach of any of Lessee’s
representations, warranties, or covenants set forth in this Tax Rider or any
other Lease Document or otherwise, or any bankruptcy of Lessee or any Default
or any Event of Default, Lessor shall lose, or shall not have the right to
claim, or shall suffer a disallowance or recapture with respect to, or shall
receive a lower than anticipated economic benefit from, all or any portion of
the Assumed Tax Benefits (including in respect of Bonus Depreciation); (ii)
for federal, foreign, state or local income tax purposes, as a result of any
act or failure to act of Lessee or any Lessee Party or the breach of any of
Lessee’s representations, warranties, or covenants set forth in this Tax Rider
or any other Lease Document or otherwise, or any bankruptcy of Lessee or any
Default or any Event of Default, any item of income, gain, loss or deduction
with respect to the Aircraft or any part thereto is treated as derived from,
or allocable to, sources outside the United States, and as a result Lessor’s
allowable foreign tax credit for federal income tax purposes for any year is
less than the credit to which Lessor would have been entitled if all such
income, gain, loss and deduction had been from U.S. sources; (iii) during the
Term there shall be included in Lessor’s gross income for federal, state or
local income tax purposes any amount on account of any addition, alteration or
other modification or improvement to or in respect of the Aircraft or any part